Asia Pacific Exchange (APEX) and Zhejiang Mercantile Exchange (ZME) signed a Memorandum of Understanding on the cooperation in the oil business during the third International Petroleum and Natural Gas Enterprises Conference (IPEC) in Zhoushan, China.

Alongside APEX, there were many internationally renowned companies involved in the signing of the MOU, including BP, Exxon Mobil, Honeywell, Total, Sinopec, PetroChina and Sinopec Zhonghai.